United States Code (Last Updated: May 24, 2014) |
Title 12. BANKS AND BANKING |
Chapter 23. FARM CREDIT SYSTEM |
SubChapter III. BANKS FOR COOPERATIVES |
Part B. United and National Banks for Cooperatives |
§ 2147. Patronage pools
Latest version.
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Under such terms and conditions as may be determined by its board of directors, the consolidated bank may— (1) for a period of at least 3 years following January 6, 1988 , establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed onJanuary 6, 1988 ); and(2) allocate revenues, expenses, and net savings among such pools on an equitable basis.
(Pub. L. 92–181, title III, § 3.26, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988 , 101 Stat. 1644.)